We Are There!! Anyone with half a brain can figure out that Addax would not still be saying 2008 if they did not know for sure!! They just can not formally announce the rig yet.
"Targeting to commence high impact exploration drilling in late 2008"
Other Items to Watch for in 2008 - Q4 Drilling JDZ BL 4, Kina "Deepwater drillship of opportunity"
Drilling timeline: - targeting to start drilling in Q4, 2008 – rig of opportunity - deep water drilling rig contracted for up to 10 wells; 2009
JDZ Blocks 1, 2, 3 & 4
Full 3D seismic coverage • Multiple reservoir targets and Direct Hydrocarbon
Indicators in many prospects • 19 prospects evaluated (YE 2007) - EUR (WI): 727 MMbbl unrisked, 313 MMbbl risked [Addax Share] • $56 mm budgeted for 2008 - including first well in JDZ 4
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